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U.S. Budget Deficit - Good Or Bad?
Beginning of paper
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"Spending financed not by current tax receipts, but by
borrowing or drawing upon past tax reserves." , Is it a good idea?
Why does the U.S. run a deficit? Since 1980 the deficit has grown
enormously. Some say its a bad thing, and predict impending
doom, others say it is a safe and stable necessity to maintain
a healt .... Middle of paper
.... spending enough to make up the
difference. Also, the deep recession of the early 1980s reduced
revenues, raising the deficit and forcing the Government to spend much
more on paying interest for the national debt at a time when interest
rates were high. As a result, the national debt grew in size after
1980. It grew from $709 billion to $3.6 trillion in 1990, only one
decade later. ....
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Number of words: 1533
Number of pages: 6 (approx. 250 words per double-spaced page)
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